Election 2014
SENSEX NIFTY
Moneycontrol.com India | Accounting Policy > Electric Equipment > Accounting Policy followed by Mintage Electro Equipments - BSE: 517340, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > ELECTRIC EQUIPMENT > ACCOUNTING POLICY - Mintage Electro Equipments
Mintage Electro Equipments
BSE: 517340|ISIN: INE726C01018|SECTOR: Electric Equipment
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
Mintage Electro Equipments is not traded in the last 30 days
Mintage Electro Equipments is not listed on NSE
Accounting Policy Year : Mar '99
 1. Accounting Concepts
 
 The Company follows the Mercantile System of accounting, recognising,
 income and expenditure on accrual basis.  The accounts are prepared on
 historical cost basis and as going concern.  Accounting policies not
 referred to specifically otherwise, are consistent with generally
 accepted accounting principles.
 
 2. Fixed Assets
 
 Fixed Assets stated at their cost of acquisition (including the other
 expenses related to installation) and pre-operative expenses
 capitalisation during the current year.  The leasehold land has been
 obtained from Maharashtra Industrial Development Corporation for a term
 of 95 years.  The cost of the leasehold land will be amortised over the
 balance period of the lease from the year in which the Company
 commences its commercial activities there.
 
 3. Revenue Recognition
 
 Sale of goods is accounted for inclusive of sales tax.  Lease income is
 accounted for as and when the rent are due.
 
 4. Inventory
 
 Inventories are valued as below :
 
 1) Stores, spares and consumables at cost or net realisable value
 whichever is lower.
 
 2) Finished goods at cost or net realisable value whichever is lower.
 
 5. Depreciation
 
 1.  Depreciation on fixed assets put to use has been provided on
 prorate basis at the rate prescribed under The Schedule XIV of The
 Companies Act, 1956 on W D V basis.
Source : Dion Global Solutions Limited
Quick Links for mintageelectroequipments
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.